Benefits of using the 80/20 rule (part 1)
- Riona Boodram
- Nov 12, 2022
- 1 min read
Benefits: (part 1)
By using the 80/20 rule, it helps you to identify the areas of your business, where the most time, money and energy is spent. This helps you to focus your energy on the factors that bring in the most successful results.
*Improved time management: Time management is important to improve skills like organization and planning in order to complete tasks on time. This can help you to increase your productivity.
*More effective leadership The 80/20 rule helps you to prioritize time to social interaction with employees and colleagues. This assists in building trust and unity. Other essential leadership qualities include: self-confidence, integrity, tolerance and social skills.
*Efficient use of company resources By efficiently managing your time, it allows time for research to be conducted. In doing so, this allows you to increase productivity through improving company culture, industry trends, competitors etc.
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